Other News - 12/04/2006

Delta Air Lines announced a "comprehensive settlement agreement" with the US Pension Benefit Guaranty Corp. that will "resolve all issues" related to the termination of its pilots' defined benefit pension plan (ATWOnline, Sept. 6). Under the terms, PBGC will be allowed a pre-petition unsecured claim against the airline of $2.2 billion and the debtors' reorganization plan will provide for the distribution of $225 million in senior unsecured notes to the agency. The deal is subject to both ...

The Civil Aviation Authority of Singapore (CAAS) and FAA signed a revised version of their Bilateral Aviation Safety Agreement-Implementation Procedures for Airworthiness (BASA-IPA) on the sidelines of the Singapore Air Show this week....More

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